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For Companies At a Glance
- Tasks: Manage and monitor client risk throughout the entire front office lifecycle.
- Company: Established global Private Bank with a focus on client suitability.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Play a vital role in risk management and make a real impact in banking.
- Qualifications: 3+ years in Front Office Risk or similar roles, with strong analytical skills.
- Other info: Collaborative culture with opportunities for growth and adaptability.
The predicted salary is between 48000 - 72000 £ per year.
Our client is an established Private Bank that operates on a global level.
The Role
This role is a 6-month contract role. The Front Office Risk Manager plays a critical role in the 1st Line of Defence (1LoD) supporting the Private Bank in managing and monitoring risk across the entire front office client lifecycle from onboarding through to client management - assessing and mitigating risk. The Front Office Risk Manager's key responsibilities include:
- Risk-related advice to Front Office Management and client-facing staff
- Assessment and decision-taking related to client risk-related tasks
- Delivering risk analysis and driving risk-related initiatives across the Private Bank
The Front Office Risk Manager role requires experience in understanding Client Suitability - regulatory requirements, business needs, and risk management principles to drive informed decision-making and mitigate potential client risks. The Front Office Risk Manager supports the Front Office in performance of risk & control self-assessments, assessment and handling of operational risk incidents, ad hoc business risk and conduct reviews.
Collaborates with 2nd and 3rd Lines of Defence, Front Management and other relevant stakeholders to ensure a cohesive approach to risk management and highest quality standards. Prepares and delivers Risk Analysis in collaboration to provide transparency and front office supervisory oversight to address any regulatory and quality assurance concerns. The Front Office Risk Manager drives risk awareness and training initiatives. Provides risk-related support and advice for ad-hoc projects.
The Front Office Risk Manager coordinates and interacts with various internal stakeholders (e.g. compliance, legal, etc.) leading and implementing change initiatives to improve Front Office and business risk management processes and procedures, ensuring the Front Office team is adaptable to changing regulatory requirements and business needs.
The Candidate
At least 3 years of experience in a similar Front Office Risk, Business Assurance, Risk Assessment role in the Private Banking or Wealth Management working closely with the likes of Private Bankers, Wealth Managers or Investment Managers. Client Suitability knowledge and experience - essential. Business, preferably with exposure to AML/KYC and Suitability topics. Understanding of Client Onboarding. In-depth knowledge of risk management principles and practices across markets. Strong analytical and problem-solving skills. Ability to adapt and thrive in a dynamic environment.
Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in City of London employer: JJ Search Ltd
Contact Detail:
JJ Search Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in City of London
✨Tip Number 1
Network like a pro! Reach out to folks in the private banking sector, especially those who work in risk management. A friendly chat can open doors and give you insights that might just land you that Front Office Risk Manager role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of client suitability and risk management principles. We recommend practising common interview questions and scenarios related to risk assessment to show you're ready to tackle the challenges head-on.
✨Tip Number 3
Don’t forget to showcase your analytical skills! During interviews, share specific examples of how you've assessed and mitigated risks in previous roles. This will demonstrate your ability to thrive in a dynamic environment, just like the one at our client’s private bank.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals who can drive risk awareness and support our clients effectively.
We think you need these skills to ace Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Front Office Risk Manager role. Highlight your experience in client suitability and risk management, and don’t forget to mention any relevant projects or initiatives you've led.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that align with the job description and show your passion for risk management in the private banking sector.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've used these skills in past roles. Whether it's through risk assessments or problem-solving, let us see your thought process!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at JJ Search Ltd
✨Know Your Risk Management Principles
Make sure you brush up on your understanding of risk management principles and practices, especially as they relate to client suitability. Be ready to discuss how you've applied these in previous roles, particularly in the context of Private Banking or Wealth Management.
✨Showcase Your Analytical Skills
Prepare to demonstrate your strong analytical and problem-solving skills. Think of specific examples where you've assessed risks or handled operational incidents. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Understand Regulatory Requirements
Familiarise yourself with the regulatory requirements surrounding client onboarding, AML/KYC, and suitability topics. Be prepared to discuss how you’ve navigated these in past roles and how you can ensure compliance in this new position.
✨Collaborate and Communicate
Highlight your experience working with various stakeholders, such as compliance and legal teams. Prepare examples that showcase your ability to lead change initiatives and improve processes, demonstrating your collaborative approach to risk management.
